Newmark Advises Seller and Arranges Acquisition Financing for Off-Market Sale of Watters Creek Village, a Premier Mixed-Use Asset in Allen, Texas

April 20, 2026 1:00 PM

Newmark announces that the Company advised the seller and arranged acquisition financing for the off-market sale of Watters Creek Village, a grocery-anchored, open-air mixed-use destination in Allen, Texas, one of the fastest-growing and most affluent submarkets in the Dallas-Fort Worth metroplex.

Newmark Senior Managing Director Kyle Minter represented the seller on the transaction, while Head of Retail Capital Markets Conor Lalor, Director James Sharpe and Associate Director Cole Frantz acted as strategic advisors. A team led by Lalor, Vice Chairman Clint Frease and Executive Vice Chairman Bill Fishel arranged financing on behalf of the buyer.

Watters Creek Village comprises approximately 459,800 square feet of retail and office space, anchored by Market Street and complemented by a curated mix of national and lifestyle tenants. The property is further enhanced by a dense surrounding residential base, including more than 1,300 multifamily units, as well as a nearby hotel and convention center, creating a highly activated, mixed-use environment with consistent foot traffic and strong consumer engagement.

“Watters Creek Village represents the type of high-quality, mixed-use asset that continues to attract institutional capital, particularly in growth markets like North Texas,” said Lalor.

Added Minter, “This transaction highlights continued investor demand for grocery-anchored lifestyle centers with strong fundamentals, durable cash flow and clear pathways for value creation.”

Located along U.S. 75, the property benefits from exceptional visibility and accessibility, with more than 200,000 vehicles per day along the Central Expressway. The surrounding trade area is characterized by affluent and highly educated demographics, with average household incomes exceeding $160,000 within a five-mile radius and more than 60% of residents holding a bachelor’s degree or higher.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2025, Newmark generated revenues of nearly $3.3 billion. As of December 31, 2025, Newmark and its business partners together operated from approximately 175 offices with over 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.